Thursday, 5 January 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 5 JANUARY 2017

Ref.Soya oil trading range for the day is 708-726. Ref soyoil prices gained tracking firmness in spot demand despite of expectation of higher supply in mandis. Moreover soy oil is also gaining market share due to demand shift from palm oil as it solidifies in cold weather Demand is likely to pick up in coming weeks for re-stocking ahead of festive season starting from "Makar Sankranti" in January and for "Holi" in March. At the Indore spot market in Madhya Pradesh, soyoil was steady at 733.5 rupees per 10 kgs.